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Guidance note for companies undergoing Corporate Insolvency Resolution Process

July 9, 2021 3174 Views 0 comment Print

Insolvency professional is required to ensure that the company complies with the applicable laws, including SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2018.

HC accepts plea challenging notification allowing issue of section 148 notices after 31-03-2021 

July 9, 2021 4512 Views 0 comment Print

Sahil International Vs ACIT (Bombay High Court) 1. Mr. Jain, learned counsel for the Petitioner states that despite enforcement of the amended Income Tax Act, 1961 with effect from 01.04.2021, the Respondents purport to invoke repealed provisions of Section 148 of the Income Tax Act without following provisions of amended Act, issuing notice dated 07.06.2021. […]

India enters Extradition with Republic of Malawi

July 9, 2021 369 Views 0 comment Print

WHEREAS, the Extradition Treaty Between the Government of the Republic of India and the Government of the Republic of Malawi was signed at Lilongwe on the 5th November, 2018 and the Instruments of Ratification of the said Treaty were exchanged at New Delhi on the 26th February 2021;

Advance ruling under GST can be obtained only for supply by Applicant

July 9, 2021 546 Views 0 comment Print

In re Ramohalli Krishnrao Karthik (GST AAR Karnataka) In the instant case, the applicant has sought advance ruling in respect of the supplies undertaken by M/s. Mysore Stoneware Pipes and potteries Private Limited and not with respect to the supplies undertaken by the applicant. Thus the application is not admissible and liable for rejection in […]

Seed dressing, coating & treating drum machine classified under HSN 84368090

July 9, 2021 1845 Views 0 comment Print

In re Adarsh Plant Protected Ltd (GST AAR Gujarat) As per HSN Notes, the other agricultural machinery includes seed dusting machines usually consisting of one or more hoppers feeding a revolving drum in which the seeds are coated with insecticidal or fungicidal powders. We find that this Chapter Heading is more appropriate for classifying the […]

Reply to RTI on cost and tender process for new Income Tax portal

July 9, 2021 10764 Views 8 comments Print

The Integrated E-filing and CPC2.0 project cost was determined through an open tender based on the L1 criteria. The tender was published on Central Public Procurement Portal (CPPP).

Cabinet approves MoU between ICoAl and ACCA, UK

July 8, 2021 2202 Views 1 comment Print

Cabinet approves Memorandum of Understanding (MoU) between Institute of Cost Accountants of India (ICoAl) and the Association of Chartered Certified Accountants (ACCA), United Kingdom (UK)

IBBI bans RP for a period of one year

July 8, 2021 2436 Views 0 comment Print

In the matter of Mr. Anupam Tiwari, Insolvency Professional under Section 220 of the Insolvency and Bankruptcy Code, 2016 (Code) read with Regulation 11 of the Insolvency and Bankruptcy Board of India (Insolvency Professional) Regulations, 2016.

Vacancy with MCA as Drafting Counsel for CA, CS, CMA & LLB

July 8, 2021 1470 Views 0 comment Print

Office of the Official Liquidator is in the process of recruiting Chartered Accountants, Company Secretaries, Cost and Works Accountant and LLB as Associates on contract basis for a period of 12 months on a monthly remuneration of Rs.40,000/- p.m. subject to TDS and on the terms and conditions governing such appointment.

Relating Giloy to Liver Damage is completely Misleading

July 8, 2021 372 Views 0 comment Print

The Ministry of Ayush has noticed a media report based on a study published in Journal of Clinical and Experimental Hepatology, a peer reviewed journal of the Indian National Association for the study of the liver. This study mentions that use of herb Tinospora Cordifolia (TC), commonly known as Giloy or Guduchi, resulted in liver failure in six patients in Mumbai.

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